Salomon's Morstatt Leaves Following Merger, FIX Pioneer Takes Commerzbank Trading Post
FOCUS ON FIX
In the wake of the closing of Travelers' Group's acquisition of Salomon Brothers, Chris Morstatt, a vice president there and an early proponent of the Financial Information Exchange, or FIX, protocol, has left the New York firm and agreed to join German-based Commerzbank's global equities unit. Joining Morstatt is another Salomon veteran, Richard Sharland. Both will begin their new jobs next month, Sharland as head of electronic trading and Morstatt as head of transaction technology.
At Salomon
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